Examlex
The circular flow model is not used anymore because it fails to perfectly replicate real world situations.
Written Warranty
A documented guarantee provided by a manufacturer or seller, detailing the conditions under which a product can be returned, replaced, or repaired.
Magnuson-Moss Act
A federal law that governs warranties on consumer products to protect buyers from deceptive warranty practices.
Enacted
Formally made into a law or statute.
1950
Refers to the year in the 20th century, notable for many historical and cultural events worldwide, but without a specific definition in this context.
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